AAP Tagalog: Cebu City President Duterte is expected to defer more than $1bn in taxes from April 2018 to March 2019, according to the Philippines’ chief electoral officer.
Duterte, who took office last June, has made the announcement to defer the amount of the tax bill from March 2019 to March 2021.
Cebu city mayor Rodrigo Duterte said in a statement that the amount will be spent on public infrastructure and other things to help the Philippines.
The tax bill is expected by the end of March 2019 and the amount, which is expected, will be used for public infrastructure, public works and other projects, Duterte said.
“The amount of tax bill will be deferred for two years from the end March 2019 until March 2021,” Duterte said, adding that the tax deferral will save the public money and help the country in the long run.
It will also help in reducing the amount and the cost of living.
The Duterte administration is facing pressure from the opposition to defer tax bills.
Former President Benigno Aquino III had promised to defer taxes in 2019, but the opposition was unhappy and urged the President to postpone the date of the fiscal year.
However, Duterte, who is also running for president, said the tax bills will not be postponed and that he will continue with the tax collection and collection of revenue.
He also said he will be doing his utmost to collect the revenue in the upcoming fiscal year, which begins March 31.
Read more: Dutertimes.com: Duterte on delaying tax bill: ‘It will help in lowering the cost and the burden on the Filipino people’